Olive Garden

• Investment-Grade Corporate Credit | Darden Restaurants: The lease is corporate-backed by GMRI, Inc. / Darden Restaurants, Inc. (NYSE: DRI), an investment-grade parent entity holding strong credit ratings (S&P: BBB / Moody’s: Baa2) and over $5B+ in annual revenues, providing exceptional income stability and minimal default risk.
• Absolute NNN Ground Lease | Passive Structure: Features zero landlord maintenance or operational responsibilities, delivering true hands-off passive monthly cash flow ideal for 1031 exchange or out-of-state capital preservation buyers.
• Below-Market Rent Profile: Current ground rent is set at an attractive $15.02 PSF ($110,984.49 annually), presenting prospective buyers with a highly durable, replacement-cost-safe income stream backed by strong underlying real estate value (1.68 acres).
• Built-in Inflation Hedge: The lease includes 1.5% annual rent escalations and continuing through all five, 5-year renewal option periods, ensuring built-in yield growth over the holding period.
• High-Traffic Retail Corridor: Strategically positioned along South Laburnum Avenue with high volume traffic counts exceeding 34,000 VPD and I-64 exceeding 51,148 VPD, driving constant consumer exposure and seamless visibility.
• Class-A Regional Anchor Synergy: Situated as a prime outparcel benefiting from reciprocal access, cross-parking, and high foot traffic generated by major co-tenants including Publix, Target, Lowe’s, PetSmart, JCPenney, and Five Below.
• Dense Population Demographics: Located in Richmond, VA supported by a dense 5-mile trade area of over 135,437 residents with an average household income approaching $88,494.